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Instant Asset Token logo
WebsiteProbit Launchpad

Instant Asset Token (IAT)

ICO
IEO

The IA Tokens concept aims to revolutionize the real estate industry using Blockchain technology through the development of the IAT Platform. Funds raised from this ICO will be used to develop the IAT blockchain and our existing management company that is currently operational will undertake the asset management.

The Platform will cater to the Philippines market first and we look to expand into other developing markets in Asia.

IMPORTANT: By investing in this business you agree to our Disclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

Overview

Project industryReal Estate
Product typePlatform
FoundedSingapore

What is Instant Asset Token

Real estate investing has been one of the most profitable ventures known to man. Totalling up the global property value (inclusive of residential, commercial, industrial and agricultural land), the market cap is a staggering value of above US$210 trillion with residential property making up about 75% of it.

However, getting into the market has not been the easiest for the masses for various reasons such as:

  • High capital requirements
  • Stringent financial regulations to gain access to mortgages
  • Restrictions on foreign ownership
  • High upfront charges and taxes on resale
  • Clear ownership transfer
  • Lack of transparency in the entire process framework which is especially so in developing countries
  • With the introduction of Instant Assets Tokens (IAT), the company aims to make property investment easily available to the masses through the digitization of assets. The company has plans to expand to other developing countries with focus first being placed on the Philippines market.

    Other areas which we aim to target include the transparency of the resale and leasing processes. We will also be integrating other utilities for the tokens on the platform which includes paying for furnishing, legal fees and fees for engaging tax auditors.

    The company will create our own IAT blockchain and utilize the funds from the ICO to acquire and create the first pool of assets on the IAT blockchain. The platform will also have multiple channels of usage with various partner merchants.

    IA Tokens Utilities & Benefits

    The IAT ecosystem encourages the use of NIAT for various benefits and this section shall explain in detail the different channels:

  • Rental Payment
  • Tenants are encouraged to use NIAT for paying rent and rate reduction will be provided.
  • Partner Merchants
  • The company will be looking to bring in various merchant partners into the IAT ecosystem to increase the avenues of usage. One such merchant is “Beacon Cloth Care” who is providing laundry services, there are currently 2 outlets in Makati and the merchant has plans to expand the operation to a total of 100 outlets by the end of 2018. NIAT will be used to prevent volatility in the cost of the merchant’s goods and services.
  • Purchase of Assets
  • NIAT can be used to purchase assets and resides within the IAT ecosystem.
  • Payment for Asset Management Services
  • Tokens holders can opt to utilise NIAT to make payment for our asset management services. Further discount on the fees will be given to encourage the use of NIAT.
  • Payment for Furnishing
  • Tokens holders can opt to utilise NIAT to make payment for purchasing items for furnishing their asset. Further discount on the fees will be given to encourage the use of NIAT. NIAT will be used to prevent volatility in the cost of the merchant’s goods and services.
  • Payment for Tax Advisory & Services
  • Tokens holders can opt to utilise NIAT to make payment for engaging the services of tax advisors. Further discount on the fees will be given to encourage the use of NIAT.
  • Payment for Legal Services
  • Tokens holders can opt to utilise NIAT to make payment for engaging the services of lawyers or legal advisors. Further discount on the fees will be given to encourage the use of NIAT.
  • Payment for Agents/Brokers Commission
  • In the event where commission is required to be paid to the agent/broker, tokens holders can opt to pay the commission of their agent/broker with NIAT.
  • Listing of Assets for Sale or Rent
  • Tokens holders can opt to use NIAT for paying listing fees when they list the assets on the web portal. The company will provide discounts on the fees if NIAT are being used. Listing may be initiated by either agents, brokers or individual owners.
  • Receiving Rental/Sale Proceeds
  • Asset owners can opt to receive rental or sale proceeds in the form of NIAT. The IAT ecosystem will also allow the asset owner to provide a slight discount to the tenant or buyer as an incentive for utilizing NIAT for the transaction.
  • Receiving Commission for Agents/Brokers
  • Agents/Brokers can opt to receive their commission in the form of NIAT. The IAT ecosystem will also allow the agent/broker to provide a slight discount to their clients as an incentive for utilizing NIAT for the transaction.

    Details

    IEO (Probit Launchpad): Feb 28, 2020 - Mar 04, 2020
    Token supply: 5,000,000,000 IAT
    Total tokens for sale: 2,000,000,000 IAT
    Soft cap: 1,000,000 USD
    Hard cap: 20,000,000 USD

    Legal

    Country limitations: China, United States
    Registration country: Singapore
    Registration year: 2018
    Office address: 2 Havelock Road #05-15, Havelock II, Singapore 059763

    Token info

    Ticker: IAT
    Type: Utility-token
    Token price in USD: 1 IAT = 0.01 USD
    Accepted currencies: USDT, BTC, ETH, XRP
    Token distribution:
    45% - token sale
    33% - reserved tokens
    13% - marketing, operations, bonuses & bounty programs
    9% - team, advisors and legal
    Funds allocation:
    70% - asset acquisition
    20% - liquidity pool
    4% - PR and marketing
    4% - web portal & functionalities development
    1,4% - expansion of team
    0,6% - onboarding of agents / brokers / owners

    Offices on the map

    Instant Asset Token Roadmap

    1
    April 2018

    Negotiation for potential asset to purchase. On boarding of first 1000 agents/brokers. On boarding of first 1000 individual property owners. Start of Pre-Sale Phase.

    2
    15 June 2018

    Start of Crowd-Sale Phase

    3
    14 days after the end of crowd sale

    Tokens Distribution

    4
    Within 7 days from tokens distribution

    Exchange Listing

    5
    Q4 2018

    Start of IAT Portal Development

    6
    Q1 2019

    Launch of IAT Beta Web Portal

    7
    Q1 2019

    Launch of IAT Web Portal

    8
    Q1 2019

    Launch of web functionality for agents/brokers/individuals

    9
    Q3 2019

    Research & development of web portal for expansion to 2nd market

    10
    Q1 2020

    Expansion to 2nd developing country market

    11
    Q3 2021

    Research and development of web portal for expansion to 3rd market

    12
    Q1 2022

    Expansion to 3rd developing country market

    Project team

    Lim Kim Hwee (Raymond Lim)
    Lim Kim Hwee (Raymond Lim)
    CEO
    Lim Kim Hwee (Raymond Lim) linkedin
    Chiew Zi Kai (Bryan Chiew)
    Chiew Zi Kai (Bryan Chiew)
    Director
    Chiew Zi Kai (Bryan Chiew) linkedin

    Advisors

    Malcolm Tan
    Malcolm Tan
    Legal Advisor
    Malcolm Tan linkedin
    Emerson Santos
    Emerson Santos
    Financial Advisor
    Emerson Santos linkedin
    Alexandre Guerreau
    Alexandre Guerreau
    Legal Advisor
    Alexandre Guerreau linkedin
    Kelly Ma
    Kelly Ma
    Business Development
    Kelly Ma linkedin
    Alan Yeap
    Alan Yeap
    IT Advisor
    Alan Yeap linkedin
    Eugene Lu
    Eugene Lu
    Marketing Advisor
    Eugene Lu linkedin
    Andrew Long
    Andrew Long
    Finance Advisor
    Andrew Long linkedin
    Ulysses Guevara Gammad
    Ulysses Guevara Gammad
    Advisor
    Ulysses Guevara Gammad linkedin

    Social media

    Instant Asset Token web-siteInstant Asset Token MediumInstant Asset TokenYouTubeInstant Asset Token TelegramInstant Asset Token BTCTalkInstant Asset Token LinkedInInstant Asset Token TwitterInstant Asset Token Facebook

    User rating:

    5/5 ( 1 )
    2

    Instant Asset Token rating

    7.4
    Claim admin rights for this project
    ICObench3.1 / 5Instant Asset Token (IAT) icobench
    ICOholder3.7 / 5Instant Asset Token (IAT) icoholder
    ICOmarksNA
    Instant Asset Token NEWS

    How To get a verified Project status

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    One Response

  • Mari BrunneMay 30, 2018 at 9:53 pm

    On his YouTube channel, the company explains:

    «The real estate market has been one of the most profitable ventures known to man. Reports have shown that the property markets in Asia this year will remain strong with the transaction. However, property owners and aspiring home owners are faced with obstacles such as: High Transactional Costs Restrictions on Foreign Investors Long Transfer Process Integrity and transparency of the Documentation with the introduction of Instant Assets Tokens (IA Tokens). We aim at removing these barriers by developing the IAT Platform. The IAT Platform will be a wide range of utilities for the real estate market. To eliminate volatility for the end users, the platform utilizes a 2 token system where each country will have their own Native IA Tokens (NIAT) pegged to their native currency that is built on a separate blockchain.
    With the IAT Platform a different category of users will be able to use the tokens on utilities that cater to their needs. For Property Owners, securing short-term leases will now greatly reduce the service fees that are now being carried by traditional sites. Can be collected in tokens. Commission to real estate agents can be paid in tokens which will be eliminat e any possible disputes as the smart contract will be immutable. You will be able to receive your property for sale. Fees in tokens Developers can put up their projects for sale or lease. Hotel operators will also be able to put up their rooms for rent. The IAT platform will also feature grocery shopping, shopping and laundry services, furnishing, and even grocery shopping. Instant Assets Tokens.»

    Reply
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